Increasing number of days before nursing homes must report abandoned property to administrator

This bill updates West Virginia's unclaimed property laws to require nursing homes to report abandoned resident funds to the State Treasurer within 180 days instead of the current 30-day period. The legislation also clarifies reporting timelines for safety deposit boxes and other secure storage facilities, while simplifying the process for residents to claim their property by allowing the State Treasurer to waive certain reciprocal claim forms with other states. Additionally, the bill establishes new rules for finders of unclaimed property, prohibiting them from claiming items within a specific timeframe and making certain agreements between finders and apparent owners unenforceable. These changes aim to streamline how unclaimed property is identified, reported, and returned to rightful owners across various types of institutions.